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To: N. Theknow
I read an interesting article awhile back that talked about what would happen if you put $10,000 into the market (the Dow, I'd guess, don't remember) in 1926 and just left it. Reinvested dividends, kept the splits, and so on...

The amount of money made was a staggering figure.

*Then* the article analyzed what would happen if you had just missed the 10 best days, over the course of that 80 or so years. You'd still be way ahead, but would be on a beer budget, not on lobster and caviar.

Moral to the story? Unless you need the money, stay in the market.

163 posted on 03/05/2009 10:44:39 AM PST by wbill
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To: wbill

6631.64 -244.20 (-3.55%) Mar 5 1:46pm ET


164 posted on 03/05/2009 10:47:11 AM PST by kcvl
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To: wbill
Moral to the story? Unless you need the money, stay in the market.

The smart money guy I am referring to took his money out of the stock market when 0bama sealed the nomination and put his money into money market funds.

He has gained 3% since then.

When I asked him the "jump back in target" he said the 600 point S&P.

165 posted on 03/05/2009 10:49:54 AM PST by N. Theknow (No self discipline. No self government.)
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